Share Investment, Discussion & Tips

[Martin Scroatman]

On me 'ed! On me 'ed!

[pjclarke]

Must admit when I bought wasn't aware of how indebted they were

Its outside my normal comfort zone also; their model depends heavily on trading for which they need to borrow, if they lose their BBB rating, which looks increasingly possible, the future does not look good, if they don't then the shares look very cheap. Bit of a punt, but I'm in for a few more....

[mudskipper]

Glencore plans to reduce net debt

[AtW]

Glencore plans to reduce net debt

Share issue!!!

[Martin Scroatman]

It's a Vegas laugh said th Queen of Spades but don't tell it to a poor man

[BlasterBates]

Its outside my normal comfort zone also; their model depends heavily on trading for which they need to borrow, if they lose their BBB rating, which looks increasingly possible, the future does not look good, if they don't then the shares look very cheap. Bit of a punt, but I'm in for a few more....

Absolutely, they just need to keep the BBB rating until the Copper market turns, just need to be patient...

Glencore plans to reduce net debt

Should be enough.

[AtW]

Its outside my normal comfort zone also; their model depends heavily on trading for which they need to borrow, if they lose their BBB rating, which looks increasingly possible, the future does not look good, if they don't then the shares look very cheap. Bit of a punt, but I'm in for a few more....

Why such a big company does not have it's own shareholder capital sufficient for operations without paying commercial lending rates to banks and being dependent on rating agencies???

It does not compute.

[BlasterBates]

Why such a big company does not have it's own shareholder capital sufficient for operations without paying commercial lending rates to banks and being dependent on rating agencies???

It does not compute.

Indeed that's why the company has lost over half of it's value

But some of us think, that the company isn't "that bad", and we think it's now been oversold.

I'm not saying we're right, it's a "punt".

[AtW]

Indeed that's why the company has lost over half of it's value But some of us think, that the company isn't "that bad", and we think it's now been oversold.
I'm not saying we're right, it's a "punt".

Are you using any leverage in buying those shares, ie marginal trade?

[BlasterBates]

Are you using any leverage in buying those shares, ie marginal trade?

No, putting cash to work.